1 / 12

Success and Compliance

This comprehensive guide provides detailed insights into the compliance and certification requirements for companies in the debt settlement industry. Covering historical context, state licensing mandates, and the implications of non-compliance, it presents strategies for navigating certifications like ISO 9000, background checks, and insurance. The document also outlines the processes for stakeholder engagement, effective strategic planning, and preparing for future legislative changes. Utilize this resource to save time and optimize operations while ensuring adherence to legal and regulatory frameworks.

libba
Télécharger la présentation

Success and Compliance

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Success and Compliance

  2. State Requirements • Past Present and Future • Company Certification – ISO 9000 • Employee Certification • Bonds • Insurance • Background Check • Financial audits

  3. Present • What states require a License • Where to get a comprehensive list • What is the impact of not be licensed • The Process • The step by step guide – Saving Time and Money • Why did states choose a certain path • The History of the UDMSA • http://www.law.upenn.edu/bll/archives/ulc/ulc.htm

  4. Present • Multi State reviews -here is one example • Texas – SB 141 • Can companies afford to lose a major Market • What can be done • Stake Holder Meetings • Senate Committees – Sen, Eltife • Crafting the Law • House Finance Committee – Rep Truitt • Working with the Administrator Comm. Pettijohn

  5. Bill Tracking View

  6. Future • Potential for unfavorable legislation • Working with Consumer Protection Groups • Industry input • Audited 3rd party data • Preparing for the Future • Staying informed of Hearings • Access to Legislature Calendar • Multi Year plan • Strategic Planning Committee

  7. Creditors • Issuers • Agencies • Debt Buyers • Law Firms

  8. Issuers • Opportunity • Developing a working relationship • What value does DS provide to them • How Settlement performance will create more Revenue • Pilot Programs – increase participation • Requirements of the Banks • Company Certifications • Audited Data

  9. Agencies • Why they are a necessary • How can they be leveraged • Will they view Debt Settlement as competition • What directives do they receive from Issuers • Secondary Markets

  10. Debt Buyers • 85% of consumer debt serviced by the debt buyer • Arranging Agreements • Increase efficiencies and consumer graduation • Payment Plans increase retention and profits • Ability to customize • More flexible than working with an issuer • How can they lower cost of acquisition • Free leads • Conferences

  11. Law Firms • The negative effect of a consumers success • Utilization of existing laws to fight back • Garnishment laws • FDCPA • State Laws • How to make them a thing of the Past • Establish Debt Settlement as a more effective way of recovery

  12. The 12 Step Guide • Audited Data – 3rd party • Suitability Standards for enrolling consumers   • Company Certification – ISO 9000 • Certification Sales/Consultants/Customer Service • Data Points to be collected • State legislation • Federal Government – CFPB • Issuers Agencies Debt Buyers law firms - projects • Conference Attendance • Bonding • Insurance • Back ground Checks

More Related